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In My teens I first did 3.5 years of vocational training to become a heating engineer/plumber. It was a cool job but I hated the cold winters without heating. So I went back to school and university to graduate in Computer Science and now I work as a Solutions Architect from home with AC in the summer and heating in the winter and I love it!
But if I should lose the white collar job I'm confident I could go back to the blue collar occupation, with much Lowe salary, but much better than nothing.
I guess some strategy like that will need to be adapted by many.
More likely is CEOs and middle managmeent will be out of a job, but tha has a lot of inertia, and depends until when the people who actually provide the value in the company reach their threshold and call quits
Last week I saw that in action, we visited the customer for a week and we the two engineers been constantly either explaining things, getting information and preparing the reports. While the Project Manager was present but had to be told several times what to do and wasn't even able to update his part of the report. Very disappointing.